Common use of LC Participation Fees Clause in Contracts

LC Participation Fees. Xxxxxxxx agrees to pay to (i) the Administrative Agent for the account of each Lender a participation fee (“LC Participation Fee”) with respect to its participations in Letters of Credit, which shall accrue at a rate per annum equal to (x) in case of Financial Letters of Credit, the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans,

Appears in 3 contracts

Samples: Credit Agreement, Credit Agreement, Credit Agreement

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LC Participation Fees. Xxxxxxxx Borrower agrees to pay to (i) the Administrative Agent for the account of each Lender a participation fee (“LC Participation Fee”) with respect to its participations in Letters of Credit, which shall accrue at a rate per annum equal to (x) in case of Financial Letters of Credit, the Applicable Margin as in effect from time to time for Eurodollar Revolving Loans,

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement

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